Generali Asset Management SPA SGR Has $6.17 Million Position in Equinix, Inc. $EQIX

Key Points

• Generali Asset Management SPA SGR reduced its position in Equinix, Inc. by 23.7%, holding 7,753 shares now worth approximately $6.17 million.
• Equinix reported a quarterly EPS of $9.91, significantly exceeding analysts' consensus estimates of $3.49, while its revenue matched estimates at $2.26 billion.
• The company recently declared a quarterly dividend of $4.69 per share, with an annualized yield of 2.3%, although it has a high dividend payout ratio of 183.74%.

Generali Asset Management SPA SGR reduced its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 23.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,753 shares of the financial services provider's stock after selling 2,414 shares during the quarter. Generali Asset Management SPA SGR's holdings in Equinix were worth $6,167,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after buying an additional 17 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Equinix in the first quarter worth $30,000. Atticus Wealth Management LLC acquired a new stake in shares of Equinix in the second quarter worth $29,000. Saudi Central Bank acquired a new stake in shares of Equinix in the first quarter worth $31,000. Finally, Quarry LP acquired a new stake in Equinix in the 1st quarter worth $31,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Up 0.6%

Shares of NASDAQ:EQIX opened at $822.24 on Thursday. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The company's fifty day moving average is $785.11 and its 200-day moving average is $812.70. The company has a market capitalization of $80.46 billion, a PE ratio of 80.53, a P/E/G ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, August 20th. Equinix's dividend payout ratio is presently 183.74%.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director owned 17,832 shares of the company's stock, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EQIX has been the topic of a number of recent research reports. Cowen reissued a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. The Goldman Sachs Group decreased their price objective on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. BMO Capital Markets lowered Equinix from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. Dbs Bank upgraded shares of Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company decreased their price target on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Five investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $960.65.

Equinix Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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